Clarity Capital Partners LLC Has $1.91 Million Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Clarity Capital Partners LLC boosted its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 1,396.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,298 shares of the software maker’s stock after acquiring an additional 10,543 shares during the quarter. MicroStrategy accounts for about 1.1% of Clarity Capital Partners LLC’s investment portfolio, making the stock its 23rd largest holding. Clarity Capital Partners LLC’s holdings in MicroStrategy were worth $1,905,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MSTR. Allspring Global Investments Holdings LLC acquired a new stake in MicroStrategy during the 1st quarter worth about $58,000. Sequoia Financial Advisors LLC purchased a new stake in shares of MicroStrategy during the 1st quarter worth about $377,000. BNP Paribas Financial Markets raised its stake in shares of MicroStrategy by 30.5% during the 1st quarter. BNP Paribas Financial Markets now owns 14,274 shares of the software maker’s stock worth $24,331,000 after purchasing an additional 3,333 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of MicroStrategy by 16.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 3,219 shares of the software maker’s stock worth $5,487,000 after purchasing an additional 464 shares in the last quarter. Finally, Choreo LLC purchased a new stake in shares of MicroStrategy during the 1st quarter worth about $414,000. 72.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other MicroStrategy news, CEO Phong Le sold 48,838 shares of MicroStrategy stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $135.40, for a total value of $6,612,665.20. Following the transaction, the chief executive officer now directly owns 12,670 shares of the company’s stock, valued at $1,715,518. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Phong Le sold 48,838 shares of MicroStrategy stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $135.40, for a total transaction of $6,612,665.20. Following the sale, the chief executive officer now owns 12,670 shares of the company’s stock, valued at approximately $1,715,518. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Wei-Ming Shao sold 3,000 shares of MicroStrategy stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total value of $423,600.00. Following the sale, the executive vice president now directly owns 6,460 shares in the company, valued at $912,152. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,838 shares of company stock valued at $13,950,265 in the last three months. Company insiders own 13.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Benchmark raised their price target on MicroStrategy from $245.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. BTIG Research raised their price target on MicroStrategy from $180.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. TD Cowen raised their price target on MicroStrategy from $200.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Barclays raised their price objective on MicroStrategy from $225.00 to $275.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Canaccord Genuity Group raised their price objective on MicroStrategy from $173.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $271.13.

MicroStrategy Stock Performance

Shares of NASDAQ MSTR opened at $257.81 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The business’s 50 day moving average is $175.19 and its two-hundred day moving average is $155.53. The company has a market cap of $45.73 billion, a P/E ratio of -122.36 and a beta of 3.05. MicroStrategy Incorporated has a 12 month low of $43.87 and a 12 month high of $267.89.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The business had revenue of $116.07 million during the quarter, compared to the consensus estimate of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The business’s quarterly revenue was down 10.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($8.98) earnings per share.

MicroStrategy Profile

MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions.